700 million investment! Changelight intends to expand production of red and yellow light LED chip etc.

8 evening, Xiamen dry according to Au Optronics Co (hereinafter referred to as the "company") announced that the company in May 5, 2017 held the third meeting of the twenty-second board of directors and the three session of the seventeenth meeting of the board of supervisors, approved "on the company's main business expansion bill".

According to the announcement, this expansion project total investment of 736 million 588 thousand and 100 yuan, including fixed assets investment 644 million 670 thousand and 900 yuan, 91 million 917 thousand and 200 yuan of liquidity, for the implementation of the red and yellow light LED chip and three junction GaAs solar cell expansion, the main input equipment for 20 sets of four yuan MOCVD epitaxial furnace and corresponding chip production equipment.

After calculation, the project of producing annual sales of 54900.46 yuan, the annual sales income will reach 469 million 234 thousand and 700 yuan, pre tax profit of 124 million 387 thousand and 900 yuan, after tax profit of 105 million 729 thousand and 700 yuan.

Changelight said the investment expansion, according to the market situation and development trend of the industry combined with the company's specific circumstances, is an important measure to practice the company strategic planning, the expansion for product positioning and target market positioning feasibility, further expand production scale, promote enterprise technological upgrading and industrial upgrading enhancement enterprise competition ability, is conducive to the expansion of market share, enhance the company's overall operating results, consolidate changelight highlighted four yuan as the domestic first-class professional manufacturer of LED chip position.

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